Agenda Text
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Requesting the transfer of a City-owned parcel (82-D-1) in the North Prospect Block to the Redevelopment Authority.
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Official Text
To the Honorable Board:
Pursuant to G.L. c. 40, sec. 15A, I respectfully request that this Board consider and approve the transfer of the City-owned parcel in the North Prospect Block ("D-2 Block") to the Redevelopment Authority for disposition in accordance with the Union Square Revitalization Plan and the Master Land Disposition Agreement ("MLDA") between the SRA and the Union Square Master Developer, Union Square Station Associates, LLC ("US2") . The approximately 7475 s.f. parcel is located at the corner of Somerville Avenue and Prospect Street and is shown on the attached enlargement of Assessors' Map 82 as Parcel D-1. The MLDA requires that the parcel be conveyed to US2 at fair market value as determined by an appraisal prior to closing.
Accordingly, I respectfully request that this Board vote to transfer this parcel to the Redevelopment Authority so that the SRA may subsequently convey the entire D-2 Block to US2 in accordance with the terms of the MLDA and the approved Union Square Revitalization Plan.
Staff from the Law Department and OSPCD will be available to answer any questions you may have regarding this item. Thank you for your consideration of this matter.
Respectfully submitted,
Joseph A. CurtatoneMayor